Bollinger Wave EA MT5 (Official version) | GroupBuy

What is Bollinger Wave EA MT5?

Bollinger Wave EA MT5 is a professional automated trading system developed specifically for the XAU/USD (Gold) pair on the M5 timeframe. This Expert advisor applies a moving average reversal strategy using Bollinger Bands combined with a controlled grid system to capture high-probability price reversal signals in highly liquid gold market conditions.

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About the Developer

• Author: Ignacio Agustin Mene Franco
• Experience: Over +2 years of experience on MQL5.
• Notable Products: Bollinger Wave EA, Ichimoku Gold Scalper EA, Neural FX MACD EA, Quantum Macd Bolinger EA, Hunter Scalperr EA, Ichimoku Scalper Gold EA MT4, Level Hard Xauusd, Danesha Xauusd, Power Fusion Xauusd, Level Slow Xauusd EA MT4 and other advisors.
• Flagship Product: Bollinger Wave EA MT5 is rated as the best performing product of the year.

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Bollinger Wave EA MT5 Overview

Main Features of Bollinger Wave EA MT5

• Bollinger Bands Mean Reversion: Identifies overbought and oversold zones at band extremes.
• Gold-Optimized Strategy: Specifically designed for XAU/USD liquidity and volatility patterns.
• Pending Order Execution: Uses Buy Stop and Sell Stop orders for precise market entries.
• Controlled Grid System: Dynamically places orders with strict distance and exposure limits.
• Mandatory Stop Loss: Every position is protected with a predefined stop loss.
• Intelligent Trailing Stop: Automatically locks in profits as price moves favorably.
• Fully Automated Trading: Executes and manages trades without manual intervention.

Additional Features  

• Flexible Money Management: Supports fixed lot sizing or percentage-based risk control.
• Spread Protection Filter: Prevents trading during excessive spread conditions.
• Time-Based Trading Filter: Avoids low-liquidity or unstable market periods.
• Margin Safety Check: Verifies margin availability before opening any trade.
• Pending Order Limitation: Controls the maximum number of open and pending orders.
• Configurable Bollinger Settings: Adjustable period, deviation, and signal validation.
• Broker Compatibility: Works with both regular brokers and prop firm environments.

Why Choose Bollinger Wave EA MT5?

• Noise Reduction: Trades only structured mean-reversion setups at Bollinger extremes.
• No Martingale Logic: Avoids aggressive lot multiplication and high-risk averaging.
• Prop Firm Friendly: Designed to comply with drawdown and risk rules.
• Consistent Risk Control: Multiple protection layers including SL, spread, and margin filters.
• Optimized for M5 Gold Trading: Targets frequent, high-quality setups on XAU/USD.
• Scalable Performance: Efficiently operates from $1,000 accounts upward.
• 24/7 Automation Ready: Suitable for VPS operation with stable long-term execution.

Bollinger Wave EA MT5 Backtest Results

• Initial Deposit: $1,000
• Total Net Profit: $93.543,20
• Win Rate (% of total): 78,42%
• Maximum Drawdown: 8,15%

Bollinger Wave EA MT5 backtets

What’s Included in the Download Package?

• Setting (If Any).docx
• Installation Guide.docx

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Conclusion

In summary, Bollinger Wave EA MT5 is a professional, gold-focused automated trading system designed for traders who prefer structured mean-reversion strategies with strict risk control. By combining Bollinger Bands reversal logic with a controlled grid execution model, this EA effectively captures high-probability price pullbacks on XAU/USD within the M5 timeframe while reducing exposure to random market noise. Its non-martingale design, mandatory stop loss, intelligent trailing stop, and multiple safety filters make it suitable for both personal trading and prop firm environments. With solid backtest performance, flexible money management, broker compatibility, and full automation readiness, Bollinger Wave EA MT5 offers a disciplined and scalable solution for consistent gold scalping under real market conditions.

>>> Reviewed by Jason Stap <<<